• The United Nations High Commissioner for Refugees (UNHCR) is tapping the Cardano blockchain platform to support unfairly displaced people.
• The program allows crypto users to donate while still holding ADA in a smart contract for a period of time.
• Cardano’s use cases as a smart contract platform have attracted the attention of the UNHCR, which may benefit the Cardano token as people around the world buy the ADA token for staking purposes.
The value of the Cardano token, the eighth-largest cryptocurrency with a market capitalization of $13.2 billion, has seen a substantial growth of 45.5% in the past 30 days, though this growth has recently slowed with a 0.9% increase in the past 24 hours. To further understand the direction of the token, it is important to consider the recent news surrounding the Cardano cryptocurrency.
The United Nations High Commissioner for Refugees (UNHCR) is tapping the Cardano blockchain platform in order to support unfairly displaced people. Through this platform, the humanitarian organization will innovatively raise funds. This marks the first time that the UNHCR will use blockchain technology to link other humanitarian communities to achieve a positive impact.
The program allows crypto users to donate while still holding ADA in a smart contract for a period of time. This “staking” mechanism enables an even larger community to help make a difference and deliver lifesaving assistance to those most in need. Stakers are able to generate rewards, which may benefit the Cardano token as people around the world buy the ADA token for staking purposes.
Cardano’s use cases as a smart contract platform have attracted the attention of the UNHCR, which may benefit the Cardano token as people around the world buy the ADA token for staking purposes. This increased demand for the token may cause the price of ADA to rise, potentially leading to a prediction of the token reaching $10 in the near future.
Overall, the Cardano token has seen a significant growth in the past 30 days, with the recent news of the UNHCR tapping the Cardano blockchain platform as a source of funds for displaced people potentially benefiting the token in the long run. With increased demand for the token, it is possible for ADA to reach $10 in the near future.